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Rhythm Pharmaceuticals Senior Manager, Treasury in Boston, Massachusetts

Company Overview

Rhythm is a global, commercial-stage biopharmaceutical company committed to transforming the care of people living with rare melanocortin-4 receptor (MC4R) pathway diseases. Working at Rhythm means that you are part of a team that’s passionate about transforming the lives of people living with hyperphagia (pathological, insatiable hunger) and severe obesity caused by rare MC4R pathway diseases. We recognize the courage it takes for patients and their caregivers to begin their journey of advocacy to find the answers they need. Their courage inspires us to challenge convention, ask bold questions and seek answers for them. Every day, we strive for excellence through our willingness to adapt, learn, and our tenacity to overcome barriers, together.

 

Opportunity Overview

Rhythm seeks an experienced and highly motivated individual to join its team in Boston, Massachusetts. The Senior Manager of Treasury will be responsible for institutionalizing, enhancing, and maintaining all aspects of the company’s treasury function including cash operations, foreign exchange, and investment management. This individual will work across the finance function, as well global counterparts, to ensure compliance to policies and liquidity.  This role will report to the VP of Financial Planning & Analysis.

 

Responsibilities and Duties

  • Cash Operations

  • Manage all aspects of cash operations associated with royalty financing arrangement

  • Develop and administer monthly and quarterly cash forecast to support subsidiary operating requirements, investment management allocation decisions, and foreign exchange needs

  • Implement and administer cash operation policies

  • Serve as primary point of contact for commercial banking relationships and corresponding duties including KYC (“know your customer”), account administrator, and portal administration; ensure compliance to all global frameworks

  • Manage cash transfer setups and administer approval process

  • Review and optimize receipt and disbursement initiatives, and develop key metrics to improve cash conversion cycle times

  • Develop weekly cash dashboard for management

  • Foreign Exchange (FX) Management

  • Implement and administer FX policy in coordination with accounting and tax partners

  • Monitor and model organization’s foreign exchange flows to determine optimal FX management strategy, inclusive of hedging

  • Manage FX exposure to achieve policy-driven objectives

  • Identify practices and partners to minimize FX transaction and translation fees

  • Collaborate with accounting and tax teams and partners to ensure incorporation of FX management best practices into global intercompany agreements and settlements

  • Investment Management

  • Monitor and report status of short-term investments to management and board of directors

  • Serve as primary point of contact with company’s investment advisors

  • Maintain and recommend updates to company’s investment policy as needs evolve

  • Additional Duties

  • Assist in insurance policy renewal process and information gathering for brokers and guiding appropriate coverage levels

  • Assist accounting with audit reviews, analysis, and preparation of SEC filings related to investments, interest, and foreign exchange

  • Partner with tax and accounting colleagues on cash repatriation strategies, impacts, and execution

  • Implement and administer credit policy in coordination with accounting, sales operations, and supply chain

     

    Qualifications and Skills

  • 7+ years of treasury management and operations inclusive of FX management

  • Bachelor’s degree required

  • Strong academic credentials with advanced degree in finance strongly preferred

  • Multinational and pharmaceutical experience preferred

  • A strong working knowledge of foreign exchange management, interest rate risk management, hedging, and ASC 815 and ASC 820

  • Ability to organize, prioritize, and follow through on multiple tasks or projects simultaneously

  • Effective upward communications and presentation skills

  • High level of attention to detail and accuracy

  • Ability to work effectively with business leaders, Financial Planning, Accounting globally

  • Ability to work as a team player in a very fast-paced environment

     

    This role is based out of our corporate office in Boston, Massachusetts. Rhythm operates in a hybrid-work model. Candidates applying must be willing and able to be in the Boston office in coordination with their department and business needs. This role may involve some travel.

     

    More about Rhythm

    Rhythm is a global, commercial-stage biopharmaceutical company aimed at developing and commercializing therapies for the treatment of rare genetic diseases of hyperphagia and severe obesity due to rare melanocortin-4 receptor (MC4R) pathway diseases. This is a key biological pathway that regulates weight and hunger. A central element of Rhythm’s mission is to improve the understanding of these diseases and develop management strategies for patients who have no treatment options available to them. Rhythm was founded in 2008 and is based in Boston, MA. The company’s clinical development program is currently focused on several rare MC4R pathway diseases . For healthcare professionals, visit www.RareObesity.com for more information. For those who may be affected or would like to learn more, visit www.LEADforRareObesity.com for more information.

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